Roku (NASDAQ:ROKU) Stock Price Up 2.3%

Roku, Inc. (NASDAQ:ROKU)’s stock price rose 2.3% on Friday . The stock traded as high as $60.92 and last traded at $60.53. Approximately 1,490,668 shares were traded during trading, a decline of 70% from the average daily volume of 4,956,708 shares. The stock had previously closed at $59.15.

Analysts Set New Price Targets

ROKU has been the topic of several research reports. Piper Sandler restated a “neutral” rating and set a $65.00 price target (down from $81.00) on shares of Roku in a report on Friday, April 26th. Morgan Stanley reduced their target price on Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, April 5th. Rosenblatt Securities reiterated a “neutral” rating and issued a $89.00 target price on shares of Roku in a report on Friday, April 26th. Susquehanna reduced their target price on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a report on Monday, April 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $75.00 target price on shares of Roku in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $82.50.

Roku Stock Up 1.3 %

The business has a 50-day moving average price of $57.94 and a two-hundred day moving average price of $70.57. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of -15.02 and a beta of 1.92.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same period in the prior year, the firm earned ($1.38) earnings per share. Roku’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 12,124 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total transaction of $673,973.16. Following the transaction, the senior vice president now directly owns 91,905 shares of the company’s stock, valued at $5,108,998.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Stephen H. Kay sold 12,124 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total value of $673,973.16. Following the completion of the sale, the senior vice president now directly owns 91,905 shares of the company’s stock, valued at approximately $5,108,998.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles Collier sold 7,181 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total value of $409,532.43. Following the completion of the sale, the insider now directly owns 15,654 shares of the company’s stock, valued at $892,747.62. The disclosure for this sale can be found here. Insiders have sold 23,898 shares of company stock valued at $1,347,966 over the last ninety days. 13.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its position in Roku by 2.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 15,408 shares of the company’s stock valued at $1,007,000 after buying an additional 438 shares during the last quarter. EULAV Asset Management grew its stake in Roku by 59.2% in the 1st quarter. EULAV Asset Management now owns 121,000 shares of the company’s stock valued at $7,886,000 after purchasing an additional 45,000 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in Roku by 4.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 82,121 shares of the company’s stock valued at $5,352,000 after purchasing an additional 3,400 shares during the period. Cetera Investment Advisers grew its stake in Roku by 240.3% in the 1st quarter. Cetera Investment Advisers now owns 41,805 shares of the company’s stock valued at $2,724,000 after purchasing an additional 29,521 shares during the period. Finally, Swedbank AB bought a new position in Roku in the 1st quarter valued at $1,180,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.